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Econometrics - Arts & Humanities

In economics, the subdiscipline of econometrics has been defined as broadly as the discipline concerned with the development of economic science in concert with mathematics and statistics. It has also been defined more narrowly as the application of mathematics and especially of statistical methods to economics.

Theoretical econometrics studies statistical properties of econometric procedures: Such properties include power of hypothesis tests and the efficiency of survey-sampling methods, of experimental designs, and of estimators. Applied econometrics includes the application of econometric methods to assess economic theories and the development and use of econometric models, for use in economic history and in economic forecasting.